Top Portfolio Products: Nasdaq to Launch Energy Futures Market

SunGard introduces managed investment solution; Envestnet rolls out online education

New products and changes introduced over the last week include a planned energy futures market from Nasdaq; a managed investment solution from SunGard; and a wealth management educational program from Envestnet.

Also, the Academy of Preferred Financial Advisors has launched its Exclusive Coaching Program and Reich & Tang announced the liquidation of its money market mutual funds.

Here are the latest developments of interest to advisors:

1) Nasdaq to Establish Energy Futures Market

Nasdaq has announced the establishment of an energy futures market, Nasdaq Futures (NFX), which will launch mid-2015 pending regulatory approval. The market will offer cash-settled energy derivatives based on key energy benchmarks including oil, natural gas and U.S. power.

Products will be cleared through the Options Clearing Corp., and Trading Technologies International will provide connectivity to NFX. OptionsCity Software has been selected as the preferred vendor for NFX and trading technology firm Orc will include NFX on its first day of trading.

2) SunGard Adds Managed Investment Solution

SunGard has announced the launch of an integrated managed investment solution to provide wealth advisors and financial institutions the opportunity to offer managed accounts.

The platform provides trust accounting solutions, several traditional fully disclosed custodians and outsourced middle- and back-office functions.

3) Envestnet Launches Online Educational Program

Envestnet has announced the launch of Envestnet Institute On Campus, an online educational program designed to provide college and university seniors with a knowledge base to launch their careers in the wealth management industry. The courses are offered through Envestnet Institute, Envestnet's unified education portal for registered financial professionals, and the program's curriculum has been approved by the Money Management Institute.

Envestnet Institute On Campus is open to business majors at four schools — Fairfield University, Bryant University, Mount St. Mary's University, and the University of Rhode Island — and will become available at other educational institutions on an ongoing basis.

4) Academy of Preferred Financial Advisors Offers Coaching Program

The Academy of Preferred Financial Advisors has announced the launch of its 12-month Exclusive Coaching Program.

The program offers training for mid- to high-level advisors that focuses on enhancing financial advisors’ skills, knowledge base and practice management abilities.

5) Reich & Tang Announce Liquidation of Funds

Reich & Tang Asset Management LLC has announced that the board of directors for each of its money market mutual funds has approved plans of liquidation for those funds.

The liquidations, which represent approximately $9.5 billion in shareholder assets, are expected to be completed by July 31.

Read the March 8 Portfolio Products Roundup on ThinkAdvisor.

 

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